PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423735
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423735
Dicamba Herbicide Market Forecasts to 2030 - Global Analysis By Crop Type (Cereals and Grains, Pastures and Forage Crops, Oilseeds and Pulses and Other Crop Types), Form (Dry, Liquid and Other Forms), Formulation, Application, and By Geography
According to Stratistics MRC, the Global Dicamba Herbicide Market is accounted for $569.6 million in 2023 and is expected to reach $1,061.6 million by 2030 growing at a CAGR of 9.3% during the forecast period. Dicamba is a broad-spectrum herbicide widely used in agriculture to control broad-leaf weeds. It is primarily employed in conjunction with genetically modified crops, such as dicamba-resistant varieties of soybeans and cotton. This herbicide is effective against various weeds, including those resistant to other herbicides, making it a valuable tool for farmers. Thus, this can be applied in pre-emergence or post-emergence, and its systemic action allows it to move within the plant, controlling weeds that may not be in direct contact with the herbicide.
According to the U.S Census Bureau, the world population is projected to reach 9 billion by 2044, an increase of 50% over the next 45 years.
Market Dynamics:
Driver:
Expanding agriculture sector
Dicamba herbicides play a crucial role by providing an effective solution for controlling broadleaf weeds, enhancing crop yields, and ensuring food security. The broad-spectrum activity and effectiveness against troublesome broadleaf weeds make it an indispensable tool for farmers looking to optimize their yields in the face of expanding agricultural operations, thus gradually boosting market growth.
Restraint:
High cost
The need for advanced application technologies and equipment to minimize drift adds to the overall cost. High manufacturing and regulatory compliance costs are often passed on to end-users, making dicamba herbicides less attractive from a cost perspective. Furthermore, the economic constraints and high costs of agricultural producers may further limit their willingness to adopt dicamba-based solutions, impacting the market's overall growth.
Opportunity:
Advancements in formulations
The ongoing research and development efforts have led to the creation of advanced dicamba formulations, addressing concerns related to volatility and off-target drift. Formulation improvements focus on reducing environmental impact, enhancing herbicide efficacy, and ensuring safety in application. Moreover, this addresses one of the major challenges associated with dicamba use and contributes to increased acceptance among farmers and regulatory bodies, significantly propelling this market size.
Threat:
Lack of awareness
Limited awareness can stem from insufficient education and outreach programs, resulting in a lack of understanding regarding the advantages of dicamba herbicides in crop management. Many farmers and end-users have limited knowledge or awareness; they may be unaware of the specific uses, application methods, and potential advantages. Moreover, farmers are not aware of these benefits, which hinder market growth and limit the market share of these products.
Covid-19 Impact
The COVID-19 pandemic has had several negative impacts on the Dicamba herbicide market. Lockdowns, supply chain disruptions, and labor shortages associated with pandemic-related restrictions have impeded the production and distribution of dicamba herbicides. Furthermore, the economic downturn caused by the pandemic has influenced farmers' purchasing decisions, potentially leading to a reduction in the adoption of dicamba herbicides or a shift to more cost-effective alternatives, which is impeding this market size.
The oilseeds and pulses segment is expected to be the largest during the forecast period
The oilseeds and pulses segment is estimated to hold the largest share due to its pivotal role in weed management for crops such as soybeans, canola, and pulses like lentils and chickpeas. The herbicide is widely utilized to control broadleaf weeds that compete with oilseed and pulse crops for nutrients, sunlight, and water. Moreover, dicamba's effectiveness in suppressing challenging weeds, particularly those resistant to other herbicides, makes it an essential tool for farmers cultivating oilseeds and pulses, which drive this segment's growth.
The pre-emergence segment is expected to have the highest CAGR during the forecast period
The pre-emergence segment is anticipated to have highest CAGR during the forecast period because it serves as a vital tool for weed control before the emergence of target crops. Pre-emergence application of dicamba is particularly effective in managing weed pressure, ensuring a cleaner and more favorable environment for crops to germinate and establish themselves, and showcasing their role in fostering optimal crop growth by curbing weed interference at an early stage in the agricultural cycle, which is boosting this segment's expansion.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period. This region is a cornerstone of many economies and finds widespread use in crops like rice, wheat, soybeans, and various fruits and vegetables. This region is home to some of the key players, such as Monsanto Company, Helena Chemical Company, Bayer Cropscience AG, and BASF SE. Furthermore, rapid population growth and increasing food demand in Asia underscore the importance of maximizing agricultural productivity, thereby propelling this region's expansion.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period, owing to its pivotal role in agricultural practices and addressing weed management challenges across various crops. They embrace dicamba for its efficacy in combating resilient weeds, contributing to enhanced crop yields and quality. Additionally, the diverse agricultural landscape in Europe, encompassing both large-scale commercial farms and smaller, family-owned operations, contributes to the varied applications of dicamba herbicides, thereby driving this region's growth.
Key players in the market
Some of the key players in the Dicamba Herbicide Market include BASF SE, The Andersons, Inc., Bayer Cropscience AG, The DOW Chemical Company, Monsanto Company, Helena Chemical Company, Nufarm Limited, Alligare, LLC, Syngenta AG, E.I. Dupont De Nemours and Company
Key Developments:
In December 2023, BASF launches Irgastab® PUR 71, a cutting-edge antioxidant improving regulatory compliance and performance for polyols and polyurethane foams.
In May 2023, Dow and New Energy Blue announced a long-term supply agreement in North America in which New Energy Blue will create bio-based ethylene from renewable agricultural residues.
Crop Types Covered:
- Cereals and Grains
- Pastures and Forage Crops
- Oilseeds and Pulses
- Other Crop Types
Forms Covered:
- Dry
- Liquid
- Other Forms
Formulations Covered:
- Acid
- Salt
Applications Covered:
- Pre-Emergence
- Post-Emergence
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Dicamba Herbicide Market, By Crop Type
- 5.1 Introduction
- 5.2 Cereals and Grains
- 5.3 Pastures and Forage Crops
- 5.4 Oilseeds and Pulses
- 5.5 Other Crop Types
6 Global Dicamba Herbicide Market, By Form
- 6.1 Introduction
- 6.2 Dry
- 6.3 Liquid
- 6.4 Other Forms
7 Global Dicamba Herbicide Market, By Formulation
- 7.1 Introduction
- 7.2 Acid
- 7.3 Salt
8 Global Dicamba Herbicide Market, By Application
- 8.1 Introduction
- 8.2 Pre-Emergence
- 8.3 Post-Emergence
- 8.4 Other Applications
9 Global Dicamba Herbicide Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 BASF SE
- 11.2 The Andersons, Inc.
- 11.3 Bayer Cropscience AG
- 11.4 The DOW Chemical Company
- 11.5 Monsanto Company
- 11.6 Helena Chemical Company
- 11.7 Nufarm Limited
- 11.8 Alligare, LLC
- 11.9 Syngenta AG
- 11.10 E.I. Dupont De Nemours and Company
List of Tables
- Table 1 Global Dicamba Herbicide Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Dicamba Herbicide Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 3 Global Dicamba Herbicide Market Outlook, By Cereals and Grains (2021-2030) ($MN)
- Table 4 Global Dicamba Herbicide Market Outlook, By Pastures and Forage Crops (2021-2030) ($MN)
- Table 5 Global Dicamba Herbicide Market Outlook, By Oilseeds and Pulses (2021-2030) ($MN)
- Table 6 Global Dicamba Herbicide Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 7 Global Dicamba Herbicide Market Outlook, By Form (2021-2030) ($MN)
- Table 8 Global Dicamba Herbicide Market Outlook, By Dry (2021-2030) ($MN)
- Table 9 Global Dicamba Herbicide Market Outlook, By Liquid (2021-2030) ($MN)
- Table 10 Global Dicamba Herbicide Market Outlook, By Other Forms (2021-2030) ($MN)
- Table 11 Global Dicamba Herbicide Market Outlook, By Formulation (2021-2030) ($MN)
- Table 12 Global Dicamba Herbicide Market Outlook, By Acid (2021-2030) ($MN)
- Table 13 Global Dicamba Herbicide Market Outlook, By Salt (2021-2030) ($MN)
- Table 14 Global Dicamba Herbicide Market Outlook, By Application (2021-2030) ($MN)
- Table 15 Global Dicamba Herbicide Market Outlook, By Pre-Emergence (2021-2030) ($MN)
- Table 16 Global Dicamba Herbicide Market Outlook, By Post-Emergence (2021-2030) ($MN)
- Table 17 Global Dicamba Herbicide Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 18 North America Dicamba Herbicide Market Outlook, By Country (2021-2030) ($MN)
- Table 19 North America Dicamba Herbicide Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 20 North America Dicamba Herbicide Market Outlook, By Cereals and Grains (2021-2030) ($MN)
- Table 21 North America Dicamba Herbicide Market Outlook, By Pastures and Forage Crops (2021-2030) ($MN)
- Table 22 North America Dicamba Herbicide Market Outlook, By Oilseeds and Pulses (2021-2030) ($MN)
- Table 23 North America Dicamba Herbicide Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 24 North America Dicamba Herbicide Market Outlook, By Form (2021-2030) ($MN)
- Table 25 North America Dicamba Herbicide Market Outlook, By Dry (2021-2030) ($MN)
- Table 26 North America Dicamba Herbicide Market Outlook, By Liquid (2021-2030) ($MN)
- Table 27 North America Dicamba Herbicide Market Outlook, By Other Forms (2021-2030) ($MN)
- Table 28 North America Dicamba Herbicide Market Outlook, By Formulation (2021-2030) ($MN)
- Table 29 North America Dicamba Herbicide Market Outlook, By Acid (2021-2030) ($MN)
- Table 30 North America Dicamba Herbicide Market Outlook, By Salt (2021-2030) ($MN)
- Table 31 North America Dicamba Herbicide Market Outlook, By Application (2021-2030) ($MN)
- Table 32 North America Dicamba Herbicide Market Outlook, By Pre-Emergence (2021-2030) ($MN)
- Table 33 North America Dicamba Herbicide Market Outlook, By Post-Emergence (2021-2030) ($MN)
- Table 34 North America Dicamba Herbicide Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 35 Europe Dicamba Herbicide Market Outlook, By Country (2021-2030) ($MN)
- Table 36 Europe Dicamba Herbicide Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 37 Europe Dicamba Herbicide Market Outlook, By Cereals and Grains (2021-2030) ($MN)
- Table 38 Europe Dicamba Herbicide Market Outlook, By Pastures and Forage Crops (2021-2030) ($MN)
- Table 39 Europe Dicamba Herbicide Market Outlook, By Oilseeds and Pulses (2021-2030) ($MN)
- Table 40 Europe Dicamba Herbicide Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 41 Europe Dicamba Herbicide Market Outlook, By Form (2021-2030) ($MN)
- Table 42 Europe Dicamba Herbicide Market Outlook, By Dry (2021-2030) ($MN)
- Table 43 Europe Dicamba Herbicide Market Outlook, By Liquid (2021-2030) ($MN)
- Table 44 Europe Dicamba Herbicide Market Outlook, By Other Forms (2021-2030) ($MN)
- Table 45 Europe Dicamba Herbicide Market Outlook, By Formulation (2021-2030) ($MN)
- Table 46 Europe Dicamba Herbicide Market Outlook, By Acid (2021-2030) ($MN)
- Table 47 Europe Dicamba Herbicide Market Outlook, By Salt (2021-2030) ($MN)
- Table 48 Europe Dicamba Herbicide Market Outlook, By Application (2021-2030) ($MN)
- Table 49 Europe Dicamba Herbicide Market Outlook, By Pre-Emergence (2021-2030) ($MN)
- Table 50 Europe Dicamba Herbicide Market Outlook, By Post-Emergence (2021-2030) ($MN)
- Table 51 Europe Dicamba Herbicide Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 52 Asia Pacific Dicamba Herbicide Market Outlook, By Country (2021-2030) ($MN)
- Table 53 Asia Pacific Dicamba Herbicide Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 54 Asia Pacific Dicamba Herbicide Market Outlook, By Cereals and Grains (2021-2030) ($MN)
- Table 55 Asia Pacific Dicamba Herbicide Market Outlook, By Pastures and Forage Crops (2021-2030) ($MN)
- Table 56 Asia Pacific Dicamba Herbicide Market Outlook, By Oilseeds and Pulses (2021-2030) ($MN)
- Table 57 Asia Pacific Dicamba Herbicide Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 58 Asia Pacific Dicamba Herbicide Market Outlook, By Form (2021-2030) ($MN)
- Table 59 Asia Pacific Dicamba Herbicide Market Outlook, By Dry (2021-2030) ($MN)
- Table 60 Asia Pacific Dicamba Herbicide Market Outlook, By Liquid (2021-2030) ($MN)
- Table 61 Asia Pacific Dicamba Herbicide Market Outlook, By Other Forms (2021-2030) ($MN)
- Table 62 Asia Pacific Dicamba Herbicide Market Outlook, By Formulation (2021-2030) ($MN)
- Table 63 Asia Pacific Dicamba Herbicide Market Outlook, By Acid (2021-2030) ($MN)
- Table 64 Asia Pacific Dicamba Herbicide Market Outlook, By Salt (2021-2030) ($MN)
- Table 65 Asia Pacific Dicamba Herbicide Market Outlook, By Application (2021-2030) ($MN)
- Table 66 Asia Pacific Dicamba Herbicide Market Outlook, By Pre-Emergence (2021-2030) ($MN)
- Table 67 Asia Pacific Dicamba Herbicide Market Outlook, By Post-Emergence (2021-2030) ($MN)
- Table 68 Asia Pacific Dicamba Herbicide Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 69 South America Dicamba Herbicide Market Outlook, By Country (2021-2030) ($MN)
- Table 70 South America Dicamba Herbicide Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 71 South America Dicamba Herbicide Market Outlook, By Cereals and Grains (2021-2030) ($MN)
- Table 72 South America Dicamba Herbicide Market Outlook, By Pastures and Forage Crops (2021-2030) ($MN)
- Table 73 South America Dicamba Herbicide Market Outlook, By Oilseeds and Pulses (2021-2030) ($MN)
- Table 74 South America Dicamba Herbicide Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 75 South America Dicamba Herbicide Market Outlook, By Form (2021-2030) ($MN)
- Table 76 South America Dicamba Herbicide Market Outlook, By Dry (2021-2030) ($MN)
- Table 77 South America Dicamba Herbicide Market Outlook, By Liquid (2021-2030) ($MN)
- Table 78 South America Dicamba Herbicide Market Outlook, By Other Forms (2021-2030) ($MN)
- Table 79 South America Dicamba Herbicide Market Outlook, By Formulation (2021-2030) ($MN)
- Table 80 South America Dicamba Herbicide Market Outlook, By Acid (2021-2030) ($MN)
- Table 81 South America Dicamba Herbicide Market Outlook, By Salt (2021-2030) ($MN)
- Table 82 South America Dicamba Herbicide Market Outlook, By Application (2021-2030) ($MN)
- Table 83 South America Dicamba Herbicide Market Outlook, By Pre-Emergence (2021-2030) ($MN)
- Table 84 South America Dicamba Herbicide Market Outlook, By Post-Emergence (2021-2030) ($MN)
- Table 85 South America Dicamba Herbicide Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 86 Middle East & Africa Dicamba Herbicide Market Outlook, By Country (2021-2030) ($MN)
- Table 87 Middle East & Africa Dicamba Herbicide Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 88 Middle East & Africa Dicamba Herbicide Market Outlook, By Cereals and Grains (2021-2030) ($MN)
- Table 89 Middle East & Africa Dicamba Herbicide Market Outlook, By Pastures and Forage Crops (2021-2030) ($MN)
- Table 90 Middle East & Africa Dicamba Herbicide Market Outlook, By Oilseeds and Pulses (2021-2030) ($MN)
- Table 91 Middle East & Africa Dicamba Herbicide Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 92 Middle East & Africa Dicamba Herbicide Market Outlook, By Form (2021-2030) ($MN)
- Table 93 Middle East & Africa Dicamba Herbicide Market Outlook, By Dry (2021-2030) ($MN)
- Table 94 Middle East & Africa Dicamba Herbicide Market Outlook, By Liquid (2021-2030) ($MN)
- Table 95 Middle East & Africa Dicamba Herbicide Market Outlook, By Other Forms (2021-2030) ($MN)
- Table 96 Middle East & Africa Dicamba Herbicide Market Outlook, By Formulation (2021-2030) ($MN)
- Table 97 Middle East & Africa Dicamba Herbicide Market Outlook, By Acid (2021-2030) ($MN)
- Table 98 Middle East & Africa Dicamba Herbicide Market Outlook, By Salt (2021-2030) ($MN)
- Table 99 Middle East & Africa Dicamba Herbicide Market Outlook, By Application (2021-2030) ($MN)
- Table 100 Middle East & Africa Dicamba Herbicide Market Outlook, By Pre-Emergence (2021-2030) ($MN)
- Table 101 Middle East & Africa Dicamba Herbicide Market Outlook, By Post-Emergence (2021-2030) ($MN)
- Table 102 Middle East & Africa Dicamba Herbicide Market Outlook, By Other Applications (2021-2030) ($MN)
